Yegon is a resident and a farmer in Litein. His farm produces mainly milk, onions, and tea. He earns additional income by working occasionally in a local tea factory. He is married and has five children between the ages of 15 and 1.
Yegon has requested a loan of 45,000 KES from Juhudi Kilimo to buy poultry birds and a chuff cutter to help in feeding his dairy animals. He says this will improve his milk production, as well as help him find a new venture into poultry farming.
He states the lack of funds as the challenge in farming.
To facilitate a partnership between Kiva and Juhudi Kilimo, K-Rep Group (Juhudi Kilimo’s 100% owner) has guaranteed Kiva funds in the event of institutional default. Lenders should be aware that the risk of borrower default remains borne by the lender.
About Juhudi Kilimo:
Juhudi Kilimo is a for-profit social enterprise working with small-holder farmers in Kenya to finance purchases of dairy cows, chickens, agricultural equipment, and other assets that create immediate cash flow. Many of the assets are insured to prevent devastating business losses, and targeted technical assistance is provided to farmers, from agricultural training to basic book keeping and local market research.